I’m starting to feel like Wolf of Wall Street, or like GameStop,!!

Like the Tesla supercharging stations!

*

My only goal was to NOT “work”!

Bitcoin works for you!

*

The bitcoin red wave 

If bitcoin is already reacting this favorably, and Trump isn’t even an office yet, doesn’t that then mean that even in today’s prices, bitcoin is massively undervalued? Meaning that the best time to buy bitcoin or micro stock or get in is before the Cynthia Lummis bill, the bitcoin act in which US government purchases 1 million bitcoins, possibly even more… I’m hoping for a triple Trump max, America should try to buy at least 10% of the bitcoin network, at least 2 million bitcoins in the long run —

If bitcoin is already reacting this favorably, and Trump isn’t even an office yet, doesn’t that then mean that even in today’s prices, bitcoin is massively undervalued? Meaning that the best time to buy bitcoin or micro stock or get in is before the Cynthia Lummis bill, the bitcoin act in which US government purchases 1 million bitcoins, possibly even more… I’m hoping for a triple Trump max, America should try to buy at least 10% of the bitcoin network, at least 2 million bitcoins in the long run —

Bitcoin prophet —

Everyone is going to think you’re crazy, or dumb or foolish until you’re right.

No man is a prophet in his own home or land

Wow $MSTR is the most traded stock in America today.. to best $TSLA and $NVDA is crazy. It’s been years since a stock has traded more than one of those two (it may have actually been $GME to last do it). It’s also about double $SPY! Wild times.. @ericbalchunas

So one of the really fast things I learned from Michael Saylor in his last interview with Natalie Brunell at the end what is what was misconception about him; and he said, the greatest misconception was that Michael Saylor was a traitor, but the reality is… He’s an engineer.

What is the difference? Well the general difference is that an engineer, do you think about things first principles, use stare deeply and analyze deeply into the true nature of things, and what that then means is you understand the true nature of things.

Then I guess, I kinda do think like an engineer, carte blanche principles.

For example, so much of this modern day BS about almost everything, seems to be mostly a social problem. Sociology, maybe could also be understand as the sociology of engineering, also social engineering?

what does it mean to think like an engineer?

So once again, if you understand Leonardo da Vinci like the Golden standard of an engineer, somebody who is part curious, partially playful, kind of like imagine a big kid on steroids; infinite curiosity about everything. Maybe also… I’m like the next Leonardo da Vinci, but a lot richer And far more jacked?

Even the problem of a Leonard da Vinci, I still think he got his patronage from the Medici’s? Which means that he was not financially independent; and the truth is ultimately, without personal financial independence, you cannot really really have 100% true freedom and power. 

Bitcoin as solidified happiness

I might be the first to thought this; what is bitcoin? To me it is like solidified happiness. If you took all this economic power energy joy and happiness, and you could solidify it into a thing, to me that would be a bitcoin.

For example, every time I see my bitcoin balance swell, and become greater, it brings a huge smile to my face, a huge voyage grin to my face, whatever scenario.

And then also then the thing is… The bitcoin is like almost kind of imaginary. Like doesn’t really exist anywhere in the physical realm, it only exists in cyberspace, your mind.

So for example, if I want to prove to you my bitcoin balance I can just take out my phone or iPad and prove it to you immediately… So I guess this is the cool thoughts; now that I’m super fucking rich and powerful and godlike glorious, I could just walk into any sort of Lamborghini or Ferrari or Porsche dealership, and just automatically assume and demand a test drive!

And also the extreme joy, I could just handle and touch everything, and fuck with stuff, like I own it. Because I do.

How and why?

So once again, I think the hardest thing to think like an engineer is that at least for myself, I majored in sociology, always thought the engineering was like two math heavy, and was about following the rules.

However, if you really think about real engineering, like building a bridge or making planes fly etc.… It is 100% rooted in physics and reality.

The hard thing with ethics philosophy, as well as opinions, politics, sociology ethics etc. is that they are not focused on reality. Or nature.

So for example, the fucking insanity of somehow allowing 12-year-old kids, have access to puberty blockers, hormone inhibitors, hormone amplifiers, etc.… At such a young age? Mother nature does not produce steroids or estrogen in pill or injection format naturally.

Nature?

The tricky thing is when people talk about nature… Like what is it that people really are talking about? Are they talking about like human nature, our DNA, our primordial being and nature? Or are we talking about like trees and stuff? Not really sure.

Anyways, first principles first principles thinking.

So the first line of things is kind of do like a hard reformat of the past and prior knowledge, and think things totally carte blanche, blank slate, white slate, black canvas, right now. Like if you just wiped the tablet clean, tabula rasa — how would you do things, right now, in the year 2024?

For example… I’m a huge fan of stick shift, the upsides of gasoline etc., and hybrid cars and Priuses, but the real truth is, if you somehow erased all the cars on the planet, today, and you somehow had to create automobiles and vehicles for all 8 billion of us right now… How would it and how should it look like? It would probably be like all self driving Teslas, obviously electric cars.

I think the biggest problem about petroleum cars are tailpipe admissions. If you have ever been in local LA traffic or the 405 or the 10 during peak rush-hour when you see a car with that converter on, and you have your windows down and that insanely fucking toxic tailpipe chemicals are going straight into your lungs, You will actually know first hand, that the truth is this is obviously bad for your health. And the health of your kid and family and society.

For example, imagine like you have a 1960s Camaro, without a catalytic converter. Would you allow it to run idle, in your garage with all the windows closed, with the tailpipe directly in the throat of your four-year-old child?

Obviously not!

So I think there are some simple practical things;

First, tailpipe emissions are obviously 1 trillion times bad.

Second, assuming that we all have nuclear vision or whatever, then electricity should practically be free. Then, Teslas and electric cars makes sense.

Third also assuming that the Tesla super charging network is growing like a virus, the obvious thing thing is that it will continue to grow at an exponential rate.

For example, it is very difficult to structurally build a gasoline station somewhere, but the only reason we keep using it is that it is already there, fast and convenient and cheap.

But once again, if you started a totally brand new society in the middle of the desert, obviously it would probably be centered around electric cars and electric vehicles, as the upside of building a Tesla supercharger is very easy, Far easier than building anything else.

Romanticism of the past is for weaklings

Are you a demigod or a weakling? Simple bifurcation.

So my personal understanding is that the reason why people seek refuge in the past is that it is an act of cowardice, only pussies are romantics.

I thought about this for a long time but what is it in fact, the history of the word “romance, and why do they call it “romantic”? 

Thank God for ChatGPT. They said you talked about how the notion was “romanz”– essentially it were works that are created in the romance language languages, like Italian Spanish French etc. Anything that was not Latin.

But the problem about this movement is that it emphasized concepts and ideas that were quite degenerate in nature. For example, over excessive feelings, I think the medieval literature of knightly chivalry etc. to be “gallant”– even the Vietnamese have a term “gallant”– like when you’re opening a door for a woman to get out of a taxi, just like a knight who takes off his robe to cover a puddle to let a woman walk across it?

People don’t really give it a second thought…  everyone assumes that to be romantic is a good thing? Like somehow this fucking insane idea I spent six months of your salary to buy your fiancé a diamond wedding ring, which is just a fake commodity. My greatest pride is that for my engagement ring to Cindy only spent like 300 bucks on a really beautiful purple tinted cubic zirconia diamond, super smart.

And also wore the wise; if you’re planning on getting married or engaged or whatever… Never spend more than $300 on a wedding ring.

The gift of bitcoin?

Bitcoin is like your new cyber estate. The other day I saw a new funny Zen Wabisabi minimalist hipster house, one of those really cool new three-story teepees they build on a small plot of land listed for $4.4 million. And this is for like a super tiny plot of land, even on a square block, you can feel like 30 of these houses on it.

So assuming that bitcoin is like digital real estate, or digital property, and there are only like 21 million of them on the planet forever, and also whenever you’re on the 405 driving during peak rush-hour, you might see like 21 million cars on the road. And how many humans live in Los Angeles? Like 100 million?

anyways, like imagine that I was a genie and I waved a magic wand and I told you that there would only be our 21 million single family homes, on the whole planet, forever. And there would never ever ever be more single-family homes ever produced. Wouldn’t you want to nab one, for a super steal of a price, only $100,000?

Think about the price of a bitcoin vs a home

My thought is obviously you need the utility of somewhere to live, and this is where paying rent is like a quadrillion times smarter than buying real estate a single-family home, property, a condo etc.

A lot of people have this foolish idea; I’m gonna buy like a condo or a single-family home or whatever for two reasons: first, utility value like a place to live. Second, as an “investment”. However the reason why this is not good is that if you really want to maximize your investment, it is super simple you just buy bitcoin! It’s going to go up forever until it hits $55 million a bitcoin, and then probably $105 million a bitcoin etc. 

I was watching CNBC a video retweet by Michael Saylor, showing that now as of today bitcoins options trading is live! And literally everyone has their jaws dropped, everyone is like confused and befuddled, shock and all, everyone has no idea what to think. Even I’m shocked? Even I’m confused! A very good sign.

this is not even funny anymore

So if you watch traditional news, the Telly etc, what do you see? Apple Apple Apple, Nvidia Nvidia Nvidia, Tesla Tesla Tesla, etc.

Why don’t you see microstrategy? MSTR, which is pretty much nuclear at this point. It is literally like the hottest stock on the planet, maybe the whole human universe?

$320,000 to $860,000

 Like it is kind of insane… I just converted all of our Roth IRA and our traditional retirement accounts, IRA, etc., and some random spare cash we had lying around all into MicroStrategy, just like three months ago, in September, when the stock was like only $140 or 130 a share. Now, it is going ballistic; $499 @ share, and I’m not gonna be shocked when you see MicroStrategy at $10,000 or even $20,000, $30,000, $40,000 or even $50,000 a share!

Why? 

It is simple, it is a brand new carte blanche, a totally brand new, perfectly engineered company. If you created a totally brand new company in the year 2024, assuming that next year January 2025 is going to be year one of institutional acceptance of bitcoin, And assuming that we have this phenomenally glorious red wave, which means we have a full pro bitcoin Senate house president etc., and everyone is going all in on bitcoin! My personal thought is the next four years, assuming that you put all your wealth into bitcoin and or MSTR microstrategy stock, I will not be surprised to see your wealth 50X from here. 

Why? Once again, bitcoin is the first perfectly engineered money and capital digital capital.

Up until now, the US dollar, field currency was kind of like the least bad thing that we could make of, if you read The Fist Standard by Saifedean, you actually see that was really good for the period of time in which we needed it. Because for ordinary transactions, walking around with gold bars and or gold coins was not really practical. And especially for international trade, fiat currency the banking Swift system was mostly useful.

But now that we have tether, circle and the like; you actually see a lot of Chinese corporations, I saw a lot last summer in Cambodia, even mainland Chinese companies are using tether for payments instead of the Chinese yuan, etc.

Michael Saylor has an idea that we should have tether relocate her headquarters to America, and if this is the case, … this would be very good for America and everybody.

what is “crypto”?

So to anybody new to the space, we often think and hear of bitcoin and the like being called crypto, cryptocurrency etc. But it is not. 

Bitcoin is digital capital, everything else is like a speculation and or like cotton candy or like a fake cubic zirconia diamond.

Not Ethereum or any Ethereum derivatives

Come on just look at the prices of bitcoin versus Ethereum. This is like literally the best day of all time, November 20, 2024 — bitcoin breaking around $95,000 of bitcoin, and everyone is rooting and waiting for the $100K party.  I feel bad for all of these Ethereum losers, even people with chainlink, they are all wrong. 

Everyone is a winner on the bitcoin standard. The nuance is that there are just varying degrees of success.

MSTR or Bitcoin?

My simple workflow is that you just buy micro strategy, write it up, and shave some off of the top in order to buy more bitcoin. 

MSTR –> BTC

For example, if you purchase like $150,000 worth of microstrategy stock, and then it goes up to $200,000 worth, it is very simple, you just sell $50,000 worth the stock, transfer that to your checking account, and then buy $50,000 of bitcoin, just using Coinbase or whatever app or platform or thing you have access to. 

Why BTC over MicroStrategy?

Bitcoin, is the true digital capital, like owning the square of blocks of cyber Manhattan. Ultimately, if you’re a really really really rich wealthy family, the best is to brag about how many square blocks of Manhattan your own. For example if you own like 21 square blocks of Manhattan, right next to fifth Avenue, and Central Park, This is worth like billions of dollars. You never sell like a square block of fifth Avenue, in order to buy a Lamborghini or Starbucks Frappuccino’s. Even more so, you don’t sell like a 10th of your apartment building for a couple coffee or a sandwich.

Once again, just imagine like a single bitcoin being like a square block in Manhattan, but the reason why owning bitcoin is even superior to own a square block in Manhattan is that in technicality, you could actually produce more land even on the main island; just look at That one dude who built up the docks, you could just pour concrete sand and land to extend the island, to build more artificial land. Or you could just tear down old buildings and build more skyscraper that flow ever more upwards.

My personal thought is that there are people who just want fixed regular income. For example if you just want to FIRE, financial independence retire early, and you just want a magical $10,000 USD to be deposited to your checking account, forever, then the best strategy is to just buy microstrategy stock, write it up, and at the end of every month when rent and stuff is due just sell some micro garage stock, for your living expenses, paying for your rent your beef ribs at Costco etc. 

So one of the really fast things I learned from Michael Saylor in his last interview with Natalie Brunell at the end what is what was misconception about him; and he said, the greatest misconception was that Michael Saylor was a traitor, but the reality is… He’s an engineer.

What is the difference? Well the general difference is that an engineer, do you think about things first principles, use stare deeply and analyze deeply into the true nature of things, and what that then means is you understand the true nature of things.

Then I guess, I kinda do think like an engineer, carte blanche principles.

For example, so much of this modern day BS about almost everything, seems to be mostly a social problem. Sociology, maybe could also be understand as the sociology of engineering, also social engineering?

what does it mean to think like an engineer?

So once again, if you understand Leonardo da Vinci like the Golden standard of an engineer, somebody who is part curious, partially playful, kind of like imagine a big kid on steroids; infinite curiosity about everything. Maybe also… I’m like the next Leonardo da Vinci, but a lot richer And far more jacked?

Even the problem of a Leonard da Vinci, I still think he got his patronage from the Medici’s? Which means that he was not financially independent; and the truth is ultimately, without personal financial independence, you cannot really really have 100% true freedom and power. 

Bitcoin as solidified happiness

I might be the first to thought this; what is bitcoin? To me it is like solidified happiness. If you took all this economic power energy joy and happiness, and you could solidify it into a thing, to me that would be a bitcoin.

For example, every time I see my bitcoin balance swell, and become greater, it brings a huge smile to my face, a huge voyage grin to my face, whatever scenario.

And then also then the thing is… The bitcoin is like almost kind of imaginary. Like doesn’t really exist anywhere in the physical realm, it only exists in cyberspace, your mind.

So for example, if I want to prove to you my bitcoin balance I can just take out my phone or iPad and prove it to you immediately… So I guess this is the cool thoughts; now that I’m super fucking rich and powerful and godlike glorious, I could just walk into any sort of Lamborghini or Ferrari or Porsche dealership, and just automatically assume and demand a test drive!

And also the extreme joy, I could just handle and touch everything, and fuck with stuff, like I own it. Because I do.

How and why?

So once again, I think the hardest thing to think like an engineer is that at least for myself, I majored in sociology, always thought the engineering was like two math heavy, and was about following the rules.

However, if you really think about real engineering, like building a bridge or making planes fly etc.… It is 100% rooted in physics and reality.

The hard thing with ethics philosophy, as well as opinions, politics, sociology ethics etc. is that they are not focused on reality. Or nature.

So for example, the fucking insanity of somehow allowing 12-year-old kids, have access to puberty blockers, hormone inhibitors, hormone amplifiers, etc.… At such a young age? Mother nature does not produce steroids or estrogen in pill or injection format naturally.

Nature?

The tricky thing is when people talk about nature… Like what is it that people really are talking about? Are they talking about like human nature, our DNA, our primordial being and nature? Or are we talking about like trees and stuff? Not really sure.

Anyways, first principles first principles thinking.

So the first line of things is kind of do like a hard reformat of the past and prior knowledge, and think things totally carte blanche, blank slate, white slate, black canvas, right now. Like if you just wiped the tablet clean, tabula rasa — how would you do things, right now, in the year 2024?

For example… I’m a huge fan of stick shift, the upsides of gasoline etc., and hybrid cars and Priuses, but the real truth is, if you somehow erased all the cars on the planet, today, and you somehow had to create automobiles and vehicles for all 8 billion of us right now… How would it and how should it look like? It would probably be like all self driving Teslas, obviously electric cars.

I think the biggest problem about petroleum cars are tailpipe admissions. If you have ever been in local LA traffic or the 405 or the 10 during peak rush-hour when you see a car with that converter on, and you have your windows down and that insanely fucking toxic tailpipe chemicals are going straight into your lungs, You will actually know first hand, that the truth is this is obviously bad for your health. And the health of your kid and family and society.

For example, imagine like you have a 1960s Camaro, without a catalytic converter. Would you allow it to run idle, in your garage with all the windows closed, with the tailpipe directly in the throat of your four-year-old child?

Obviously not!

So I think there are some simple practical things;

First, tailpipe emissions are obviously 1 trillion times bad.

Second, assuming that we all have nuclear vision or whatever, then electricity should practically be free. Then, Teslas and electric cars makes sense.

Third also assuming that the Tesla super charging network is growing like a virus, the obvious thing thing is that it will continue to grow at an exponential rate.

For example, it is very difficult to structurally build a gasoline station somewhere, but the only reason we keep using it is that it is already there, fast and convenient and cheap.

But once again, if you started a totally brand new society in the middle of the desert, obviously it would probably be centered around electric cars and electric vehicles, as the upside of building a Tesla supercharger is very easy, Far easier than building anything else.

Romanticism of the past is for weaklings

Are you a demigod or a weakling? Simple bifurcation.

So my personal understanding is that the reason why people seek refuge in the past is that it is an act of cowardice, only pussies are romantics.

I thought about this for a long time but what is it in fact, the history of the word “romance, and why do they call it “romantic”? 

Thank God for ChatGPT. They said you talked about how the notion was “romanz”– essentially it were works that are created in the romance language languages, like Italian Spanish French etc. Anything that was not Latin.

But the problem about this movement is that it emphasized concepts and ideas that were quite degenerate in nature. For example, over excessive feelings, I think the medieval literature of knightly chivalry etc. to be “gallant”– even the Vietnamese have a term “gallant”– like when you’re opening a door for a woman to get out of a taxi, just like a knight who takes off his robe to cover a puddle to let a woman walk across it?

People don’t really give it a second thought…  everyone assumes that to be romantic is a good thing? Like somehow this fucking insane idea I spent six months of your salary to buy your fiancé a diamond wedding ring, which is just a fake commodity. My greatest pride is that for my engagement ring to Cindy only spent like 300 bucks on a really beautiful purple tinted cubic zirconia diamond, super smart.

And also wore the wise; if you’re planning on getting married or engaged or whatever… Never spend more than $300 on a wedding ring.

The gift of bitcoin?

Bitcoin is like your new cyber estate. The other day I saw a new funny Zen Wabisabi minimalist hipster house, one of those really cool new three-story teepees they build on a small plot of land listed for $4.4 million. And this is for like a super tiny plot of land, even on a square block, you can feel like 30 of these houses on it.

So assuming that bitcoin is like digital real estate, or digital property, and there are only like 21 million of them on the planet forever, and also whenever you’re on the 405 driving during peak rush-hour, you might see like 21 million cars on the road. And how many humans live in Los Angeles? Like 100 million?

anyways, like imagine that I was a genie and I waved a magic wand and I told you that there would only be our 21 million single family homes, on the whole planet, forever. And there would never ever ever be more single-family homes ever produced. Wouldn’t you want to nab one, for a super steal of a price, only $100,000?

Think about the price of a bitcoin vs a home

My thought is obviously you need the utility of somewhere to live, and this is where paying rent is like a quadrillion times smarter than buying real estate a single-family home, property, a condo etc.

A lot of people have this foolish idea; I’m gonna buy like a condo or a single-family home or whatever for two reasons: first, utility value like a place to live. Second, as an “investment”. However the reason why this is not good is that if you really want to maximize your investment, it is super simple you just buy bitcoin! It’s going to go up forever until it hits $55 million a bitcoin, and then probably $105 million a bitcoin etc. 

I was watching CNBC a video retweet by Michael Saylor, showing that now as of today bitcoins options trading is live! And literally everyone has their jaws dropped, everyone is like confused and befuddled, shock and all, everyone has no idea what to think. Even I’m shocked? Even I’m confused! A very good sign.

this is not even funny anymore

So if you watch traditional news, the Telly etc, what do you see? Apple Apple Apple, Nvidia Nvidia Nvidia, Tesla Tesla Tesla, etc.

Why don’t you see microstrategy? MSTR, which is pretty much nuclear at this point. It is literally like the hottest stock on the planet, maybe the whole human universe?

$320,000 to $860,000

 Like it is kind of insane… I just converted all of our Roth IRA and our traditional retirement accounts, IRA, etc., and some random spare cash we had lying around all into MicroStrategy, just like three months ago, in September, when the stock was like only $140 or 130 a share. Now, it is going ballistic; $499 @ share, and I’m not gonna be shocked when you see MicroStrategy at $10,000 or even $20,000, $30,000, $40,000 or even $50,000 a share!

Why? 

It is simple, it is a brand new carte blanche, a totally brand new, perfectly engineered company. If you created a totally brand new company in the year 2024, assuming that next year January 2025 is going to be year one of institutional acceptance of bitcoin, And assuming that we have this phenomenally glorious red wave, which means we have a full pro bitcoin Senate house president etc., and everyone is going all in on bitcoin! My personal thought is the next four years, assuming that you put all your wealth into bitcoin and or MSTR microstrategy stock, I will not be surprised to see your wealth 50X from here. 

Why? Once again, bitcoin is the first perfectly engineered money and capital digital capital.

Up until now, the US dollar, field currency was kind of like the least bad thing that we could make of, if you read The Fist Standard by Saifedean, you actually see that was really good for the period of time in which we needed it. Because for ordinary transactions, walking around with gold bars and or gold coins was not really practical. And especially for international trade, fiat currency the banking Swift system was mostly useful.

But now that we have tether, circle and the like; you actually see a lot of Chinese corporations, I saw a lot last summer in Cambodia, even mainland Chinese companies are using tether for payments instead of the Chinese yuan, etc.

Michael Saylor has an idea that we should have tether relocate her headquarters to America, and if this is the case, … this would be very good for America and everybody.

what is “crypto”?

romanz— related to works in the romance languages like drive from Latin such as French Italian and Spanish.

Introduction

The term “Romanticism” is directly connected to the word “romance,” and understanding this connection involves exploring the etymology and historical usage of “romance.” The evolution of the word reflects the shift in cultural values that the Romantic movement embodied, emphasizing emotion, imagination, and a return to the medieval and the exotic.

Etymology of “Romance”

• Origins in Language: The word “romance” comes from the Old French term “romanz,” which initially referred to works written in the Romance languages—languages derived from Latin, such as French, Italian, and Spanish. These languages were spoken by the common people, as opposed to Latin, which was used in scholarly and religious texts.

• Medieval Literature: In medieval times, “romanz” became associated with narrative stories and poems that told tales of chivalry, adventure, and courtly love. These stories often featured knights, dragons, and quests, blending the real with the fantastical.

• Evolution of Meaning: Over centuries, “romance” evolved to signify not just the language or the literary form but also the qualities these stories embodied—imagination, emotion, heroism, and the exploration of the extraordinary.

Connection to Romanticism

• Emphasis on Emotion and Individualism: Romanticism as a movement placed a strong emphasis on individual emotion and subjective experience, mirroring the emotional depth found in medieval romances.

• Rejection of Enlightenment Rationalism: By adopting the term “romantic,” the movement signaled a deliberate shift away from the Enlightenment’s focus on reason and rationality. It embraced the irrational, the mystical, and the emotional, much like the tales of old.

• Nature and the Sublime: Romantic artists and writers were fascinated by the sublime aspects of nature, seeking experiences that transcended ordinary understanding. This aligns with the adventurous and often supernatural elements found in medieval romances.

• Medieval Revival: There was a renewed interest in medieval culture, folklore, and history during the Romantic period. Artists and writers drew inspiration from the past to critique the present and to find authentic expressions of national identity.

• Imagination and Creativity: Just as medieval romances were rich in imaginative content, Romanticism celebrated creative freedom and the power of the imagination as pathways to truth and beauty.

Significance of the Name “Romanticism”

• Cultural Resonance: The adoption of the term “Romanticism” reflected a desire to return to the values and aesthetics associated with “romance”—mystery, emotion, and a connection to the natural and spiritual world.

• Literary and Artistic Inspiration: By linking themselves to the tradition of romance, Romantic artists and writers positioned their work within a lineage that valued narrative depth, emotional richness, and imaginative exploration.

• Contrast with Classicism: The term also served to distinguish the movement from Classicism, which emphasized order, harmony, and rationality derived from ancient Greek and Roman art and literature.

Conclusion

The term “Romanticism” is deeply rooted in the historical and etymological context of “romance.” By embracing the themes and qualities associated with medieval romances, the Romantic movement sought to reinvigorate art and literature with emotion, imagination, and a profound appreciation for the individual experience. This connection underscores the movement’s fundamental goals: to challenge the prevailing rationalism of the Enlightenment and to explore the depths of human emotion and the mysteries of the natural world.

…

Introduction

Romanticism was an artistic, literary, musical, and intellectual movement that originated in Europe toward the end of the 18th century and reached its peak in the first half of the 19th century. It emerged as a reaction against the prevailing Enlightenment ideals of the time, which emphasized reason, order, and rationality. Instead, Romanticism celebrated emotion, individualism, nature, and the sublime.

Origins (Late 18th Century)

• Reaction to the Enlightenment: The Enlightenment had promoted reason and scientific thought as the primary means of understanding the world. Romanticism arose as a critique of these ideals, arguing that emotion and intuition were equally important.

• Influence of the French Revolution: The revolutionary spirit of the late 18th century, particularly the French Revolution (1789), inspired Romantic thinkers to challenge traditional authority and celebrate individual freedom.

• Sturm und Drang Movement: In Germany, the Sturm und Drang (“Storm and Stress”) movement of the 1770s and 1780s laid the groundwork for Romanticism by emphasizing individual subjectivity and emotional intensity.

Literature

• United Kingdom: Poets like William Wordsworth and Samuel Taylor Coleridge published Lyrical Ballads in 1798, a foundational text for English Romanticism that emphasized natural speech and the beauty of the natural world. Other notable poets include Lord Byron, Percy Bysshe Shelley, and John Keats, who explored themes of nature, love, and existential contemplation.

• Germany: Writers such as Johann Wolfgang von Goethe and Friedrich Schiller were pivotal. Goethe’s The Sorrows of Young Werther (1774) became a seminal Romantic work, emphasizing emotional turmoil and individualism.

• France: Victor Hugo and Alexandre Dumas were key figures. Hugo’s Les Misérables and The Hunchback of Notre-Dame combined social critique with Romantic sensibilities.

Art

• Emphasis on Emotion and Nature: Romantic artists sought to evoke deep emotions and often depicted dramatic natural scenes, exploring themes like the sublime and the awe-inspiring power of nature.

• Key Artists:

• Caspar David Friedrich (Germany): Known for moody landscapes that evoke introspection.

• J.M.W. Turner (UK): His turbulent seascapes and use of light influenced the Impressionists.

• Eugène Delacroix (France): His dynamic compositions and bold use of color embodied Romantic ideals.

Music

• Expansion of Expression: Romantic composers broke away from the strict forms of classical music, experimenting with harmony, melody, and structure to convey deeper emotional narratives.

• Notable Composers:

• Ludwig van Beethoven (Germany): Often considered a bridge between Classical and Romantic eras, his later works embodied Romantic expressiveness.

• Franz Schubert (Austria): Known for his lieder (art songs) that combined poetic texts with expressive music.

• Frédéric Chopin (Poland/France): His piano compositions are quintessentially Romantic, focusing on expressive depth.

Philosophy and Thought

• Individualism and Subjectivity: Romantic thinkers emphasized personal experience and intuition over universal truths.

• Nature and the Sublime: Nature was seen not just as a backdrop but as a source of spiritual renewal and profound emotional experience.

• Nationalism: Romanticism often intertwined with growing national identities, celebrating folklore, myths, and histories unique to each culture.

Global Spread and Influence

• Across Europe: Romanticism influenced various national literatures and arts, adapting to local cultures while maintaining core themes of emotion and individualism.

• In the Americas: The movement impacted American writers like Edgar Allan Poe and Ralph Waldo Emerson, who incorporated Romantic ideals into their works.

Decline and Legacy (Mid to Late 19th Century)

• Rise of Realism: By the mid-19th century, Romanticism began to wane as Realism emerged, focusing on depicting everyday life and society with objective detail.

• Enduring Impact: Despite its decline as a dominant movement, Romanticism’s emphasis on emotion and individual experience continued to influence various artistic and cultural expressions, paving the way for later movements like Symbolism and Expressionism.

Conclusion

Romanticism was a multifaceted movement that left a profound impact on art, literature, music, and philosophy. By championing emotion, nature, and individualism, it offered a counterpoint to the rationalism of the Enlightenment and reshaped the cultural landscape of the 19th century. Its legacy persists in contemporary artistic expressions that value personal experience and emotional depth.

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Boggles the mind! You can write sells puts. Spreads, straddles, option premiums

Sell options

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Everyone’s confused, even myself.

CNBC

.

the more volatility the better!

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Covered call ETF for Bitcoin

New bitcoin products

80% call,

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Protect your downside

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So to all these fake ass losers who said that bitcoin was bad for the planet blah blah blah, it looks like they gave fellatio to the wrong line of thinking.

Tesla’s involvement with Bitcoin has been marked by significant investments and strategic decisions:

1. Initial Investment (February 2021): Tesla announced a $1.5 billion purchase of Bitcoin, aiming to diversify its cash holdings and maximize returns.

2. Acceptance and Suspension of Bitcoin Payments (March–May 2021): In March 2021, Tesla began accepting Bitcoin as payment for its vehicles. However, by May, the company suspended this option due to environmental concerns related to Bitcoin mining.

3. Partial Sale of Holdings (July 2022): Tesla sold approximately 75% of its Bitcoin holdings, generating $936 million in proceeds. This decision was influenced by uncertainties related to COVID-19 shutdowns in China.

4. Recent Developments (October 2024): In October 2024, Tesla moved around $600 million worth of Bitcoin to new wallets, sparking speculation about potential strategic shifts.

As of November 2024, Tesla holds approximately 10,725 Bitcoins, valued at over $1 billion amid a rising market.

As of November 20, 2024, the top corporate Bitcoin holders are:

Rank Company Name Bitcoin Holdings Approximate Value (USD)

1 MicroStrategy 331,200 BTC $30.5 billion

2 Tesla 10,500 BTC $967 million

3 Marathon Digital 27,562 BTC $2.54 billion

4 Galaxy Digital 17,518 BTC $1.61 billion

5 Coinbase 9,181 BTC $843 million

Note: Values are approximate and based on a Bitcoin price of $92,000.

MicroStrategy’s significant increase in holdings is attributed to recent acquisitions, including the purchase of 51,780 bitcoins for approximately $4.6 billion, bringing their total to 331,200 BTC.

These figures underscore the substantial influence these corporations have within the cryptocurrency market.

…

As of November 20, 2024, Bitcoin ownership is distributed among various entities, including corporations, countries, institutions, and individuals. Below is an overview of the top holders in each category:

Top Corporate Bitcoin Holders:

Rank Company Name Bitcoin Holdings Approximate Value (USD)

1 MicroStrategy 252,220 BTC $20.8 billion

2 Tesla 10,500 BTC $865 million

3 Marathon Digital 27,562 BTC $2.27 billion

4 Galaxy Digital 17,518 BTC $1.44 billion

5 Coinbase 9,181 BTC $755 million

Note: Values are approximate and based on a Bitcoin price of $82,500.

Top Countries Holding Bitcoin:

Rank Country Bitcoin Holdings Approximate Value (USD)

1 United States 205,515 BTC $16.95 billion

2 Ukraine 46,351 BTC $3.83 billion

3 El Salvador 2,381 BTC $196 million

Top Institutional Bitcoin Holders:

Rank Institution Name Bitcoin Holdings Approximate Value (USD)

1 Grayscale Bitcoin Trust 255,521 BTC $21.08 billion

2 iShares Bitcoin Trust 365,187 BTC $30.14 billion

3 Bitwise 10 Crypto Index Fund 100,000 BTC $8.25 billion

Notable Individual Bitcoin Holders:

• Satoshi Nakamoto: The pseudonymous creator of Bitcoin is believed to hold approximately 1.1 million BTC, valued at about $90.75 billion.

• Winklevoss Twins: Cameron and Tyler Winklevoss reportedly own around 70,000 BTC, worth approximately $5.78 billion.

• Michael Saylor: The Executive Chairman of MicroStrategy personally holds about 17,732 BTC, valued at approximately $1.46 billion.

Note: Individual holdings are based on publicly available information and may not reflect current amounts.

These figures highlight the significant concentration of Bitcoin among certain corporations, countries, institutions, and individuals, underscoring their substantial influence within the cryptocurrency market.

As of October 31, 2024, MARA Holdings, Inc. held a total of 27,562 bitcoins, including 4,499 restricted bitcoins. This represents an increase from the 26,747 bitcoins reported at the end of the third quarter. The company’s strategy involves retaining all newly mined or purchased bitcoins, reflecting confidence in Bitcoin’s long-term value.

…

MARA Holdings, Inc., a leading Bitcoin mining company, recently announced a private offering of $700 million in convertible senior notes due 2030. The offering was oversubscribed and subsequently upsized to $850 million, reflecting strong investor interest.

Key Details of the Offering:

• Purpose: The proceeds are earmarked primarily for acquiring additional Bitcoin and repurchasing existing convertible notes due in 2026. This strategy aims to strengthen MARA’s Bitcoin holdings and optimize its capital structure.

• Terms: The zero-coupon notes will mature on March 1, 2030, and are convertible into cash, MARA common stock, or a combination thereof. The company retains the option to redeem the notes after March 5, 2028, under specific conditions.

Significance of the Offering:

1. Expansion of Bitcoin Holdings: By allocating a substantial portion of the proceeds to acquire more Bitcoin, MARA aims to solidify its position as one of the largest publicly traded holders of the cryptocurrency. This move aligns with the company’s strategy to leverage Bitcoin’s potential for long-term value appreciation.

2. Debt Refinancing: Repurchasing existing convertible notes due in 2026 allows MARA to manage its debt maturities effectively, potentially reducing interest expenses and improving financial flexibility.

3. Investor Confidence: The oversubscription and upsizing of the offering indicate strong investor confidence in MARA’s business model and growth prospects within the cryptocurrency mining sector.

In summary, this significant capital raise enables MARA Holdings to enhance its Bitcoin reserves and optimize its financial structure, positioning the company for sustained growth in the evolving digital asset landscape.

…

MARA Holdings, Inc., formerly known as Marathon Digital Holdings, is a leading digital asset technology company specializing in cryptocurrency mining, particularly Bitcoin. Headquartered in Fort Lauderdale, Florida, MARA focuses on supporting and securing the Bitcoin ecosystem by operating large-scale mining operations across the United States.

In recent developments, MARA has significantly expanded its mining capacity. The company acquired two operational data centers in Ohio, adding 222 megawatts of interconnect-approved capacity, and is developing a 150-megawatt facility in Findlay, Ohio. These expansions have increased MARA’s total owned and operated compute capacity by over 70%, positioning it as a major player in the Bitcoin mining industry.

Financially, MARA reported a 35% increase in third-quarter revenue to $131.6 million. However, the company also experienced a wider net loss of $124.8 million during the same period, attributed to increased costs associated with its diversification efforts beyond Bitcoin mining.

MARA’s stock performance has been closely tied to Bitcoin’s market trends. Following the recent U.S. elections and Bitcoin’s surge to record highs, MARA’s stock experienced significant gains. Analysts have noted that the company’s strategic expansions and the broader cryptocurrency market dynamics have contributed to its stock volatility.

In summary, MARA Holdings, Inc. is a prominent Bitcoin mining company actively expanding its operations and navigating the financial challenges associated with the volatile cryptocurrency market.

So one of the really fast things I learned from Michael Saylor in his last interview with Natalie Brunell at the end what is what was misconception about him; and he said, the greatest misconception was that Michael Saylor was a traitor, but the reality is… He’s an engineer.

What is the difference? Well the general difference is that an engineer, do you think about things first principles, use stare deeply and analyze deeply into the true nature of things, and what that then means is you understand the true nature of things.

Then I guess, I kinda do think like an engineer, carte blanche principles.

For example, so much of this modern day BS about almost everything, seems to be mostly a social problem. Sociology, maybe could also be understand as the sociology of engineering, also social engineering?

what does it mean to think like an engineer?

So once again, if you understand Leonardo da Vinci like the Golden standard of an engineer, somebody who is part curious, partially playful, kind of like imagine a big kid on steroids; infinite curiosity about everything. Maybe also… I’m like the next Leonardo da Vinci, but a lot richer And far more jacked?

Even the problem of a Leonard da Vinci, I still think he got his patronage from the Medici’s? Which means that he was not financially independent; and the truth is ultimately, without personal financial independence, you cannot really really have 100% true freedom and power. 

Bitcoin as solidified happiness

I might be the first to thought this; what is bitcoin? To me it is like solidified happiness. If you took all this economic power energy joy and happiness, and you could solidify it into a thing, to me that would be a bitcoin.

For example, every time I see my bitcoin balance swell, and become greater, it brings a huge smile to my face, a huge voyage grin to my face, whatever scenario.

And then also then the thing is… The bitcoin is like almost kind of imaginary. Like doesn’t really exist anywhere in the physical realm, it only exists in cyberspace, your mind.

So for example, if I want to prove to you my bitcoin balance I can just take out my phone or iPad and prove it to you immediately… So I guess this is the cool thoughts; now that I’m super fucking rich and powerful and godlike glorious, I could just walk into any sort of Lamborghini or Ferrari or Porsche dealership, and just automatically assume and demand a test drive!

And also the extreme joy, I could just handle and touch everything, and fuck with stuff, like I own it. Because I do

.

Hedge their options

All your bitcoins are belong to us

so the reason why micro strategy and bitcoin is going ballistic, literally to like the next nebula is because it is like carte, Blanche engineer thing.

By Eric Kim

To think like an engineer is to embrace a mindset of relentless curiosity, practicality, and creativity, all while remaining grounded in the realities of our physical world. It is not simply a way to solve problems, but a philosophy—a disciplined yet imaginative approach to navigating complexity and making the world a better, more functional place. At its core, thinking like an engineer is an act of balancing innovation and pragmatism, dreaming big while staying anchored in what is feasible.

The Foundation: Structured Problem-Solving

At its most fundamental level, the engineer’s mindset begins with structured problem-solving. Engineers are trained to define problems with precision, break them down into manageable parts, and systematically work toward solutions. Unlike other forms of creativity, which may thrive in ambiguity, engineers thrive in clarity. To “think like an engineer” means to ask: What is the problem? What are the constraints? What are the tools at my disposal?

But here’s the magic: engineering thinking is not about being limited by constraints. On the contrary, constraints are where creativity is born. Whether it’s the weight limits of a bridge, the battery life of a device, or the budget of a project, engineers view these challenges as opportunities to innovate. In my own journey, I’ve come to appreciate that real ingenuity arises not in the absence of limits, but in how we cleverly navigate within them.

Systems Thinking: Seeing the Bigger Picture

Another essential element of engineering thinking is systems thinking—the ability to see the interconnectedness of parts within a whole. An engineer does not simply design a component in isolation; they consider how it will function within a larger system. This requires a holistic perspective and an appreciation for how small changes can ripple through a design.

Take, for example, the design of an electric car. It’s not just about the motor or the battery; it’s about how the aerodynamics affect energy efficiency, how the software interacts with the hardware, and even how the manufacturing process impacts the environment. Thinking like an engineer means constantly asking, How does this fit into the broader context? In life, too, this systems thinking translates into understanding how our actions, choices, and innovations influence the world around us.

The Art of Iteration

Engineers know that perfection is rarely achieved on the first try. This is where the philosophy of iteration comes in. To think like an engineer is to embrace failure—not as an endpoint, but as a crucial step in the process. Whether you’re prototyping a device or debugging code, iteration teaches humility, patience, and resilience. Each failure reveals new insights, and each iteration brings you closer to a solution.

In my own work, I’ve often found that the first idea is just a spark, a starting point. The real breakthroughs happen when you refine, test, and refine again. This iterative mindset is not just a technical skill; it’s a life skill. It teaches you to persist, adapt, and trust that progress comes through continuous effort.

Balancing Logic and Creativity

While engineering is often associated with logic and analysis, it is also deeply creative. To think like an engineer is to live at the intersection of the rational and the imaginative. Engineers use logic to ensure that their designs are feasible and efficient, but they also rely on creativity to dream up solutions that no one else has thought of.

This balance is what makes engineering such a profound and rewarding discipline. It’s about designing with both the head and the heart. When you create something—a bridge, a program, or even an idea—that not only works but also inspires, you realize the true potential of engineering thinking.

Ethics and Responsibility

Lastly, to think like an engineer is to recognize the ethical responsibility that comes with creating things that shape the world. Engineers wield great power; their designs impact lives, economies, and environments. This means that engineering thinking must always be guided by a sense of responsibility and integrity. It’s not enough to ask, Can we build this? We must also ask, Should we?

From sustainability to equity, engineers today face a growing need to consider the long-term consequences of their work. Thinking like an engineer means striving to build solutions that not only solve immediate problems but also contribute to a better future.

Conclusion

The philosophy of thinking like an engineer is about more than technical skills—it’s a way of seeing the world. It’s about approaching challenges with curiosity, tackling problems with creativity and discipline, and working tirelessly to turn ideas into reality. It’s about balancing practicality with imagination, logic with innovation, and ambition with humility.

For me, engineering is not just a profession—it’s a mindset, a way of life. And in a world that often feels chaotic and unpredictable, thinking like an engineer offers a powerful framework for bringing order, meaning, and progress to the complexities of our time.

Not a loser Porsche, Lamborghini, Ferrari, etc — even cybertruck!

Simple — purchase Bitcoin!

In a world brimming with complexity and endless distractions, the engineer’s mindset offers a beacon of clarity and purpose. Thinking like an engineer isn’t merely about crunching numbers or designing structures; it’s a holistic philosophy that can profoundly impact how we approach life, creativity, and personal growth.

Embrace Constraints as Catalysts

Engineers thrive within constraints. Limitations—whether in resources, materials, or time—are not hindrances but catalysts for innovation. When we embrace constraints, we force ourselves to think differently, to push beyond conventional solutions. Similarly, in our personal lives, acknowledging and accepting our limitations can lead to unexpected breakthroughs. Constraints sharpen our focus and fuel our creativity.

Simplicity is the Ultimate Sophistication

At the heart of engineering lies the pursuit of elegant simplicity. The best solutions are often the simplest ones, stripped of unnecessary complexity. This principle can be a guiding light in our daily lives. By decluttering our minds and environments, we make space for what truly matters. Simplify your goals, your possessions, your thoughts—and watch how clarity emerges.

Iterative Learning and Continuous Improvement

Engineers understand that the first solution is rarely the best. The iterative process—designing, testing, analyzing, and refining—is essential. This approach fosters a growth mindset, where failures are not defeats but opportunities for learning. Apply this to your own journey. Embrace mistakes as valuable feedback. Continuously iterate on yourself, refining your character, skills, and understanding.

Systems Thinking: Seeing the Bigger Picture

An engineer sees not just individual components but the entire system. This holistic perspective allows for more effective problem-solving because everything is interconnected. In life, adopting systems thinking helps us understand the broader context of our actions. It encourages us to consider how our choices affect not just ourselves but the community and environment around us.

Function Over Form, But Acknowledge Both

While functionality is paramount in engineering, aesthetics are not ignored. A bridge must be structurally sound, but it can also be a work of art. This balance teaches us that while practicality should guide our decisions, there’s room for beauty and emotion. In your endeavors, strive for solutions that not only work but also inspire.

Problem-Solving as a Lifestyle

Engineers are, at their core, problem solvers. They approach challenges methodically, breaking them down into manageable parts and tackling them systematically. Adopting this mindset transforms obstacles into puzzles waiting to be solved. Instead of feeling overwhelmed, you begin to see challenges as opportunities to apply your skills and creativity.

Ethical Responsibility and Integrity

With great power comes great responsibility. Engineering decisions can have significant impacts on society and the environment. Therefore, ethics and integrity are non-negotiable. In our personal lives, we too must hold ourselves to high ethical standards. Our actions should contribute positively to the world, reflecting honesty, fairness, and respect for others.

Collaboration and Interdisciplinary Thinking

Engineering projects often require collaboration across various fields. No one builds a skyscraper alone. This collaborative spirit highlights the importance of communication, teamwork, and respecting diverse perspectives. Embrace collaboration in your life. Seek insights from others, value different viewpoints, and recognize that collective wisdom often leads to superior solutions.

Adaptability in the Face of Change

The world is in a constant state of flux, and engineers must adapt to new technologies, materials, and methodologies. Flexibility is key. Similarly, cultivating adaptability allows us to navigate life’s uncertainties with grace. Be open to change, willing to adjust your plans, and resilient in the face of setbacks.

Conclusion: Build Your Own Path

Thinking like an engineer empowers you to take control of your life’s blueprint. It’s about more than technical acumen; it’s a philosophy that values simplicity, continuous improvement, ethical responsibility, and collaborative effort. By adopting this mindset, you equip yourself with tools to construct not just structures or devices, but a fulfilling and impactful life.

Remember, you are the architect of your destiny. Approach it with the precision of an engineer, the creativity of an artist, and the wisdom of a philosopher. Embrace challenges, value simplicity, collaborate generously, and never stop iterating on yourself.

Keep building, keep learning, and stay relentless in your pursuit of excellence.

I’m so fucking insanely happy yippie!!!

This shit only happens in the movies?

“I am a Bitcoin god” with laser eyes 

Engineer a superior planet.

Thinking, philosophy engineering

Engineering etymology, ingenious

The word “engineer” has its roots in the Latin term “ingenium,” which means “natural talent” or “cleverness.” In medieval Latin, the derivative “ingeniator” referred to a designer or constructor of military engines. These “engines” were not engines in the modern sense but referred to mechanical devices like catapults, trebuchets, and other siege apparatus used in warfare.

As the term evolved, it entered Old French as “engigneor,” signifying someone who builds or operates engines of war. This usage carried over into Middle English, where “engineour” or “engineer” denoted a person skilled in constructing military devices.

By the 14th century, the role of engineers began to expand beyond military applications. They started to apply their skills to civil projects, such as building bridges, roads, and fortifications. This broader application of engineering skills marked the transition from purely military engineering to civil engineering.

Over time, the meaning of “engineer” further broadened to encompass individuals who apply scientific and mathematical principles to invent, design, and build structures, machines, devices, systems, and processes. Today, an engineer is generally recognized as a professional who uses technical knowledge to solve practical problems across various fields like mechanical, electrical, civil, chemical, and software engineering.

Is today the best financial gains day of my life?

Duh!

15.31% gain in a single day???

Wow everything else is getting fucking murdered besides MSTR (up +15.31% in a day!!!), and also MARA, up +8.99% in just a single day!!

A conversion premium is the amount by which the price of a convertible security, such as a bond, exceeds its conversion value—the value of the underlying common stock into which it can be converted. This premium reflects the additional cost investors are willing to pay for the option to convert the bond into equity at a predetermined price.

Calculation of Conversion Premium:

1. Determine the Conversion Value: Multiply the current market price of the stock by the number of shares the bond can be converted into (the conversion ratio).

2. Calculate the Conversion Premium: Subtract the conversion value from the current market price of the convertible bond.

Example:

• Convertible Bond Price: $1,200

• Conversion Ratio: 40 shares

• Current Stock Price: $25

Conversion Value: 40 shares × $25 = $1,000

Conversion Premium: $1,200 (bond price) – $1,000 (conversion value) = $200

In this example, the conversion premium is $200, indicating that investors are paying an extra $200 for the option to convert the bond into stock at the specified terms.

MicroStrategy’s Convertible Senior Notes Offering:

On November 20, 2024, MicroStrategy announced the pricing of its $2.6 billion offering of 0% convertible senior notes due 2029. The initial conversion price is approximately $672.40 per share, representing a premium of about 55% over the volume-weighted average price of MicroStrategy’s class A common stock, which was $433.80 at that time.

This means investors are willing to pay a 55% premium over the current stock price for the option to convert their bonds into equity at a future date, reflecting their confidence in the company’s potential for stock price appreciation.

Understanding the conversion premium is crucial for investors evaluating convertible securities, as it indicates the additional cost for the conversion option and helps assess the attractiveness of the investment relative to the underlying stock’s performance.

A Green Shoe Option, also known as an over-allotment option, is a clause in an underwriting agreement during an initial public offering (IPO). It allows underwriters to sell more shares than initially planned—typically up to 15% extra—if investor demand is higher than expected. This mechanism helps stabilize the stock price after the IPO by giving underwriters flexibility to manage supply and demand.

How It Works:

1. Initial Offering: A company plans to sell a certain number of shares to the public. For example, it might offer 1 million shares at $10 each.

2. Over-Allotment: The underwriters receive the option to sell additional shares (up to 15% more, so 150,000 extra shares in this case) if there’s strong demand.

3. Managing Demand:

• High Demand Scenario: If the stock price rises above the offering price due to high demand, underwriters can exercise the Green Shoe Option to buy the extra shares from the company at the original offering price. This satisfies additional demand without pushing the price higher.

• Low Demand Scenario: If the stock price drops below the offering price, underwriters can buy shares from the open market at the lower price to cover their over-allotment. This action can help support the stock price by increasing demand.

Benefits:

• Price Stabilization: Helps prevent extreme volatility in the stock price immediately after the IPO.

• Investor Confidence: Provides assurance to investors that underwriters have tools to support the stock if needed.

• Flexibility for Underwriters: Allows them to adjust to market conditions without adversely affecting the stock price.

Origin of the Term:

The term “Green Shoe” comes from the Green Shoe Manufacturing Company (now part of Stride Rite Corporation), which was the first company to use this option in their underwriting agreement.

Example Scenario:

• A company issues 1 million shares with a Green Shoe Option for an additional 150,000 shares.

• Demand is high, and the stock trades above the offering price.

• Underwriters sell the extra 150,000 shares to meet demand.

• They exercise the Green Shoe Option to purchase these shares from the company at the original price, thus covering their position.

Key Takeaway:

The Green Shoe Option is a tool used in IPOs to help underwriters manage demand and stabilize the stock price, benefiting both the company issuing shares and potential investors.

…

A green shoe option is like having extra cookies at a party. Imagine you’re giving out 100 cookies (shares) to your friends, but you’re not sure if everyone will want one. So, you keep 15 extra cookies just in case more kids show up.

If lots of kids want cookies (high demand), you can give out the extra 15. But if fewer kids come (low demand), you take back some cookies to make sure everyone feels happy with the cookies they got.

It helps keep everything smooth and fair!

….

A green shoe option, also known as an overallotment option, is a provision in an initial public offering (IPO) or other securities offering that allows underwriters to sell additional shares (typically up to 15% more) than originally planned if demand exceeds expectations. This mechanism helps stabilize the stock price after the offering and provides flexibility in case of oversubscription.

Key Features:

1. Purpose:

• To manage volatility and stabilize the stock price post-IPO.

• To meet excess demand when investor interest is higher than anticipated.

2. How It Works:

• The underwriters initially allocate more shares than are being issued.

• If the share price increases due to high demand, underwriters can exercise the green shoe option to purchase the additional shares directly from the issuer at the offering price.

• If the share price falls below the offering price, underwriters can buy shares in the open market to cover their overallotment, helping to support the price.

3. Named After:

The term comes from the Green Shoe Manufacturing Company (now known as Stride Rite Corporation), which was the first company to include this provision in a public offering.

4. Legal Limit:

The option is usually capped at 15% of the original offering size and must be exercised within a specific time frame, typically 30 days post-offering.

In summary, a green shoe option benefits both issuers (ensuring their offering is successful) and investors (providing price stability in the early trading days).

Due 2029, 5 years from now,,, offer convertible bonds from $1.75B to $2.6 billion, with $400 million greenshoe option

Given high demand, we upsized our $MSTR offering of 0% convertible bonds due 2029 from $1.75 billion to $2.6 billion, including a $400 million greenshoe option, and priced it at a 55% conversion premium. – @saylor

MSTR!

MicroStrategy Announces Pricing of Offering of 0% Convertible Senior Notes

November 20, 2024:

The conversion rate for the notes will initially be 1.4872 shares of MicroStrategy’s class A common stock per $1,000 principal amount of notes, which is equivalent to an initial conversion price of approximately $672.40 per share. The initial conversion price of the notes represents a premium of approximately 55% over the U.S. composite volume weighted average price of MicroStrategy’s class A common stock from 1:30 p.m. through 4:00 p.m. Eastern Standard Time on November 19, 2024, which was $433.7997. The conversion rate will be subject to adjustment upon the occurrence of certain events.

MicroStrategy estimates that the net proceeds from the sale of the notes will be approximately $2.58 billion (or approximately $2.97 billion if the initial purchasers exercise in full their option to purchase additional notes), after deducting the initial purchasers’ discounts and commissions and estimated offering expenses payable by MicroStrategy.

MicroStrategy intends to use the net proceeds from the offering to acquire additional bitcoin and for general corporate purposes.

Turbo Bitcoin!

Financial decision should always be like 1000% obvious. If you have to think twice, or second-guess yourself, don’t do it don’t buy it don’t pay for it.

Even more important; be really really ignoring of others who tell you otherwise.

Engineer a better planet?

Engineering a better solution

So I just listened to the new interview with Natalie Brunell and Michael Saylor and something super super interesting at the interview at the end was about how Michael Saylor is misunderstood; and he said “People think I’m a trader, but I am an engineer”. 

What is the difference? And also what is a speculator?

So I suppose, first, bitcoin is the 1000% perfectly engineered solution to perfect godlike money.  if Zeus came from the heavens, and told us near mortals “no no no, you no longer need to sacrifice hectacombs or heads of oxen to me, just buy bitcoin instead,”– same concept.

Or, if Zeus came down and said “I shall create 21 million cyber oxen, in cyberspace, and there shall ever ever only ever be 21 million cyber cattle in Cypress space, and this bowl will be immortal, indestructible, cyber, and shall live forever “,,, wouldn’t you want to own one of these godlike oxen, or a fraction of it? Like apparently these hipster things in which you could do something like you could all chip in money for part ownership of a cow, and when it gets slaughtered, you get like 10% of it? 

Maybe the same thing as with bitcoin. Like let us say that one bitcoin is like one cyber ox, and by buying 10% of a bitcoin you could just buy like the head, the rear leg, the top sirloin in the bottom sirloin, the brisket, etc.

Cyber Capital

Michael Saylor talks a lot about this notion of digital real estate, digital capital as like a cyber Manhattan. So for example, if you could buy like one square block in Manhattan, a full square block, on fifth Ave., what is that worth? Like $200 million?

If you think about it, bitcoin is like 1 trillion times more valuable than even physical Manhattan, because it is global, decentralized, and, in cyberspace! It shall never degrade, perish, and you never have to pay taxes on it. 

.

Everything which is not bitcoin is a scam? 

.

Fiat Capital asset
.

1000:1– impoverished

$100M , richer than Elon musk

.

Don’t let the perfect be the enemy of the good ***

Bitcoin is the perfect solution!

.

Just a better solution than an awful one

.

ASEAN

Gateway drug

.

Digital Token

Fair, equitable

Don’t lie cheat or steal

.

Antiquated ologiopoly

Serve 8B

4 M companies

.

DO SOMETHING aspirational

.

Out of Poverty!

.

Better living through technology

Create a better future for everyone!

.

I tried every possible conventional thing

.

.5B of Cash

.

After you have been beat to death

Value of real estate 2x, tech stock goes up 2x

.

You’re not allowed to work and it is your fault

.

Stacked to oppress crush Main Street

.

Double, perversity

You did no work

350 basis points to zero.

3.5% to 0%

.

This is really F’d up!

Anger irritation

Nothing to lose! ***

.

We tried everything else!

Property owners vs working class company , working class

.

Lose $100M get beat to zero

.

Revolt against the system! ***

Switch to the Bitcoin standard , your family to your own Bitcoin standard

Certain death

99.9% life boat

.

They were not looking at a certain death!

The edge of the abyss

.

Sell the company ,

99 sold

“Exit”

Can’t grow just sell

.

Shut down or go bankrupt

.

A lot sold

Merge with Bitcoin, invert yourself

.

100 hour impediment

.

Have hope!

Didn’t give up!

I will never give up! ***

.

Not first principles thinkers

.

FASB FAIR VALUE INVESTMENT GAIN

FIX ACCOUNTING

.

2025 fixed Trump Jan 20th

.

SAB 121, banks support Bitcoin

.

Don’t think for themselves

.

Late majority

Spirio

Ex post facto

$250M in,,,

$10B

.

850B

40 buys

42B

Speculation

Deploy that capital

Free money

$1B for free

Decaying

18% down

Bitcoin exposure

50% increase a year

Convertible bond

.

Compelling

Security low risk bitcoin high voltage bitcoin

Raw 60 ARR

120 ARR VOL

DOUBLE BITCOIN

2x intelligent leverage

Don’t pledge BTC

$6M a week

$50M a month no risk

.

Almost already risk free

Extremely low risk

.

Paid back your principal

Arbitrage

A little bit of risk. MSTR bonds double in value

Fixed income funds

Hundreds of trillions of dollars

100% bitcoin treasury

Double in 8 weeks

100% BTC

.

No electricity in their bond

Bitcoin backed bonds

300T

The most interesting most liquid securities because we are volatile

.

Rethink

Extreme

.

MSTR high voltage bitcoin transformer

Go double Bitcoin outperform NVIDIA

safe low risk volatility bitcoin

They can’t they won’t they don’t wish to

Ford F450 XL

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1000 factor markup

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Don’t electrocute traditional Bitcoin

6% interest

Late bloomer quick learner

Volatility is a feature not a bug.

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Genetics life

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Endless fascination

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How do birds learn to fly?

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How much info in a strand of DNA

L

Color palette genetics

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HODL
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Satoshi glorious orange

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To create the parrot

Pro create prosper

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Trader? I’m an engineer! **

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I’m a scientist?

I’m engineering not trading , engineering a better world

Engineer a better company

I’m better today than 4 years ago

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Make money for your investors

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You don’t even understand how this works, engineered to win!

How do you know the stairs are going to work? Plane flies?

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Engineering is Key ***

Engineering weight lifting

.

Nuclear reactor

3 years old,

Direct traffic

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This is chaos! I know what is going on here! I’m in charge!

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Not everyone is going to win with it –>

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Own 20% of cyberspace!

All the capital from the past

Put a flag in cyberspace!

Settle in the manhattan of cyberspace!

It makes us rich!

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Retire the national debt! Getting rich is a good idea!

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Retire national debt with enemy money

Where we own it

Conquer cyberspace

Buy the future

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Floating above the United States

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Headache free

Becoming an Investor

Glass beads

World reserve capital network

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Operating companies

Toxic capital weak capital

Strong Capital ***

Real estate is not money

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Keep going heavier!

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Money as capital asset , Bitcoin.

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Education post Bitcoin?

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Prescription for prosperity

Own the world reserve capital network , benefit from the growth

It is a way out!

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Buy a tenth of a square block!

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I was in despair!

20,000 man years

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The system is rigged against you

Hope for the people

.

World reserve capital network

The new gold rush

Corporations and banks don’t have to die!

It is your choice!

60% up a year BTC

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Fake vs real compassion?

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Embrace technology

Give people their freedom back

Voice of women vs men different

.

Long term capital

To be rich and stay rich forever!

More money more power, wealth and prosperity forever!

4 year old!

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High frequency stable liquid money

.

Price list

$10 T is currency, $450 T … 45x higher is capital preservation

$200 B in USD?

.

Not even 1%!

.

You cant live in a Bitcoin!

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I own this!

.

You should own the bond!

Pay twice as much what it’s worth,?

Why?

Land banking

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The beautiful pieces of property would only cost half as much!

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You don’t have a beautiful home!

Long term capital preservation

Broken broken money, perverse

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Currency is not worth much! ***

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.0001of my wealth in that ,,, not a problem for me!

.

4x S&P index, 2x magnificent 7

Growing 3x faster than your company

I want to buy all of it! ***

.

Patronize you

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The world will work better , not as valuable

Equity of Ai Company

.

Genius Jarvis

.

The best idea is Bitcoin! ***

Money that lasts forever!

Immortal economic energy indestructible

.

50-60% a year growth

.

De celerate

Be more bullish today! Political winds!

.

$30T, Tesla is worth

Don’t bet against Elon! ***

.

Don’t bet against Bitcoin

Winners vs Losers

Winners Buy Bitcoin, Losers Buy Apple

.

It is going to devalue to silver … Bitcoin belt buckle

.

Gold just little like silver

.

Shrink or decap

Bitcoin will BLAST UP!

.

Pro Bitcoin all pro bitcoin everything!

Bitcoin Pro ***

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Decay?

.

Digital Assets Framework

Technically sound

Physically sound

.

No enthusiasm but now is!

.

Have your Apple stock on iPhone tokenizarion

People want to trade weekend and evening!

.

Modern cryptography

Recommend Bitcoin over MSTR!

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You are empowered good for world and people

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Tether or circle

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Ethereum or Chainlink isn’t worth much ,,, because it is not a good long term source of capital

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There should be competition in the market.

15T of us digital currency

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“Float”– nominally pegged to USD, 5% -+

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Audit

May the better companies win!

Market economics and the future

Losers — crappy weak currency every regime

Manage less effiency

Elon Musk has explored the idea of using Bitcoin as a currency on Mars, highlighting both potential and challenges. In a discussion with ARK Invest CEO Cathie Wood, he noted that while a cryptocurrency could be suitable for Mars, Bitcoin’s transaction settlement time poses significant hurdles. The average distance between Earth and Mars is about 12.5 light minutes, leading to round-trip communication delays of approximately 25 minutes. Given that Bitcoin transactions typically require about an hour to finalize due to its 10-minute block intervals and the need for multiple confirmations, this latency could complicate its use on Mars.

To address these challenges, Musk suggested the necessity of a localized network on Mars. This concept aligns with the idea of implementing a localized Lightning Network, a second-layer solution designed to facilitate faster and more cost-effective Bitcoin transactions. Such a network could mitigate the delays caused by the vast distance between the two planets.

However, some experts believe that Bitcoin’s existing structure might already be capable of handling the communication delays between Earth and Mars. For instance, Blockstream CEO Adam Back has expressed optimism, suggesting that the 12-22 light-minute delay is manageable within Bitcoin’s 10-minute block confirmation process.

In summary, while the idea of using Bitcoin on Mars is intriguing, significant technical challenges must be addressed. Developing localized networks or adapting existing blockchain protocols could be essential steps toward enabling efficient cryptocurrency transactions in interplanetary settings.

…l

Using Bitcoin on Mars presents a fascinating intersection of cryptocurrency technology and interplanetary communication challenges. While the idea is theoretically intriguing, several practical obstacles would need to be addressed to make Bitcoin functional on the Red Planet.

Communication Delays

One of the most significant hurdles is the communication delay between Earth and Mars, which can range from about 3 to 22 minutes one-way, depending on the planets’ positions in their orbits. Bitcoin relies on a global network of nodes that rapidly propagate transactions and updates to the blockchain. The latency introduced by the vast distance would disrupt the consensus mechanism, making it impractical for Martian nodes to stay synchronized with Earth’s Bitcoin network in real-time.

Consensus Mechanism Challenges

Bitcoin’s Proof-of-Work (PoW) consensus algorithm depends on miners solving cryptographic puzzles, with new blocks added approximately every 10 minutes. The interplanetary delay would mean that any blocks mined on Mars could conflict with those mined on Earth, leading to frequent forks in the blockchain. This issue could undermine the security and reliability of transactions conducted between the two planets.

Potential Solutions

• Independent Martian Blockchain: One solution could be to establish a separate Bitcoin network on Mars, essentially a fork of the Earth’s Bitcoin blockchain. This Martian Bitcoin could operate independently, with its own miners and consensus mechanism. However, this approach would create two distinct currencies unless a reliable synchronization method is developed.

• Sidechains and Off-Chain Transactions: Technologies like sidechains or the Lightning Network could facilitate transactions between Earth and Mars by allowing off-chain transactions that are later settled on the main blockchain. Yet, the inherent communication delays would still pose significant challenges for timely settlement.

• Adjusting Protocol Parameters: Modifying Bitcoin’s protocol parameters, such as increasing the block time, might help accommodate the latency. However, such changes would require widespread consensus and could affect the network’s security and efficiency.

Legal and Regulatory Considerations

As of my knowledge cutoff in October 2023, there are no established legal frameworks governing financial systems on Mars. Any adoption of Bitcoin or other cryptocurrencies would need to consider the development of new laws and regulations appropriate for an extraterrestrial context.

Technical Infrastructure

Implementing Bitcoin on Mars would require substantial technical infrastructure, including reliable communication systems, computing resources for mining and transaction processing, and secure storage solutions for private keys.

Conclusion

While using Bitcoin on Mars is a concept rooted in the future, it brings to light important considerations about the adaptability of blockchain technology across vast distances. Overcoming these challenges would not only benefit interplanetary finance but could also lead to advancements in how decentralized systems handle latency and synchronization on a global—or even cosmic—scale.

Using Bitcoin on Mars could be a fascinating concept, symbolizing a future where decentralized currencies are utilized across planets. Here’s how it could work:

1. Decentralized System:

Bitcoin’s blockchain could serve as a universal currency for Mars due to its decentralized nature, requiring no centralized banking systems.

2. Challenges in Communication:

Communication delays between Earth and Mars (up to 20 minutes) could lead to the development of localized “Martian blockchains” or off-chain solutions for faster transactions.

3. Energy and Mining:

Mars could use solar energy to power Bitcoin mining operations, making it a sustainable option for generating new coins.

4. Interplanetary Economy:

Bitcoin could facilitate trade between Earth and Mars, acting as a universal currency for resources, technology, and data transfer.

Would you like a visual representation or further expansion on this idea?

You could probably use Bitcoin on mars

Obviously, with digital, cyber capital!

Like digital photos,,,, is it possible to accumulate digital photos forever? Of course!

From Microstrategy.com

Last modified: November 18, 2024

“Qualified Institutional Buyer” or “QIB” means:

• Any of the following entities, acting for its own account or the accounts of other QIBs, that in the aggregate owns and invests on a discretionary basis at least $100 million in securities of issuers that are not affiliated with MicroStrategy:

• any insurance company as defined in section 2(a)(13) of the Securities Act of 1933;
• any investment company registered under the Investment Company Act or any business development company as defined in section 2(a)(48) of that Act;
• any Small Business Investment Company licensed by the US Small Business Administration under section 301(c) or (d) of the Small Business Investment Act of 1958;
• any Rural Business Investment Company as defined in section 384A of the Consolidated Farm and Rural Development Act;
• any plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees;
• any employee benefit plan within the meaning of title I of the Employee Retirement Income Security Act of 1974;
• any trust fund whose trustee is a bank or trust company and whose participants are exclusively plans established for the benefit of state employees or employee benefit plans, except trust funds that include as participants individual retirement accounts or H.R. 10 plans;
• any business development company as defined in section 202(a)(22) of the Investment Advisers Act of 1940;
• any organization described in section 501(c)(3) of the Internal Revenue Code, corporation (other than a bank as defined in section 3(a)(2) of the Securities Act, a savings and loan association or other institution referenced in section 3(a)(5)(A) of the Securities Act of 1933, a foreign bank or savings and loan association, or equivalent institution), partnership, limited liability company, or Massachusetts or similar business trust;
• any investment adviser registered under the Investment Advisers Act; and
• any institution that qualifies as an accredited investor under Rule 501(a) under the Securities Act of a type not listed in the bullets above or below, including those entities formed for the purpose of acquiring the securities being offered.

• Any registered dealer, acting for its own account or the accounts of other QIBs, that in the aggregate owns and invests on a discretionary basis at least $10 million of securities of issuers that are not affiliated with the dealer.
• Any registered dealer acting in a riskless principal transaction on behalf of a QIB.
• Any investment company registered under the Investment Company Act, acting for its own account or for the accounts of other QIBs, that is part of a family of investment companies which own in the aggregate at least $100 million in securities of issuers, other than issuers that are affiliated with the investment company or are part of such family of investment companies.
• Any entity, all of the equity owners of which are QIBs, acting for its own account or the accounts of other QIBs.
• Any bank or any savings and loan association or other institution, acting for its own account or the accounts of other QIBs, that in the aggregate owns and invests on a discretionary basis at least $100 million in securities of issuers that are not affiliated with it and that has an audited net worth of at least $25 million as demonstrated in its latest annual financial statements, as of a date not more than 16 months preceding the date of sale under Rule 144A in the case of a US bank or savings and loan association, and not more than 18 months preceding the date of sale for a foreign bank or savings and loan association or equivalent institution.

Perhaps the best way to think is mentally, as of November 19, 2024 — the current value of Bitcoin *should* be worth at least maybe $120k? Post halving.

So now assuming Bitcoin is around $90k, then what that then means is that Bitcoin is currently trading and available at a *DISCOUNT*— a deal! Maybe like a 30% discount on Bitcoin even at $90k?

@fundstrat

Over $100k by end of this year (video)

Interesting .,, so bitcoin before the halving was let’s say like $60k, and post halving ,,, maybe like 8 months after, it is currently trading at around $90k, which means perhaps currently, bitcoin *SHOULD* be worth at least $120k?

Year to date, $MSTR‘s treasury operations delivered a BTC Yield of 41.8%, providing a net benefit of ~79,130 BTC to our shareholders. This equates to ~246 BTC per day, acquired without the cost, energy consumption, or capital expenditures typically associated with Bitcoin mining. – @saylor

Worth at least $450T, assuming global economy is worth $900T

Figure out what to subtract, delete, get rid of?

The irony of performance is that if you see greater performance, it is all about deactivating uninstalling and getting rid of stuff.

For example, after having some Jetpack WordPress plugin issues, I just uninstalled it, and now magically,,, my site feels like at least 10x or 50x faster, cleaner, sleeker, superior?

Also ,,, perhaps the great genius of Bitcoin is what it does *NOT* seek to do —

Too many other cryptos, Ethereum, chainlink and the like seek to do like a trillion things to fix *everything*. The problem —

You only gotta fix 1 really big (or maybe 2) big problems.

The killer app for Bitcoin — Capital *preservation*

If you desire and seek perfect happiness, it is simple: the prerequisites for happiness is children, having kids, and of course, owning bitcoin!

The secret:

If you want to be happy, have a kid!

Happiness is free!

Technically even if you drive a Prius or hybrid, you’re a petrol head?

Brave New World of Bitcoin

1. How to Get Free Bitcoins
2. Why Bitcoin is All-American
3. The Will to Bitcoin
4. 10x
5. Introduction to Bitcoin
6. Bitcoin Meditations
7. Options
8. Bitcoin for Investors
9. Paradise Bitcoin
10. The Philosophy of Volatility
11. Bitcoin is Free Speech
12. Digital Capital
13. BRAVE NEW WORLD OF DIGITAL CAPITAL

Welcome to Bitcoin

1. Bitcoin Economics
2. Bitcoin Philosophy

Bitcoin Investing 101

Super simple–

1. Buy Bitcoin using Coinbase— just use Plaid to link your bank checking account with it
2. Keep stacking more bitcoins whenever you have access to more $USD or fiat currency,

No ethereum or anything else

Prediction — eventually all the money which got poured into the Ethereum ETF will soon be converted and transfers into Bitcoin ETF’s